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Panama Canal History, Purpose, Economical importance and Expansion Project
Want to know about Panama Canal like its history, what purpose its serves, where it is located and what importance it has on today times. Get to know about it here in complete details. It is situated in Central America; this canal allows the water flow between Pacific Ocean and Atlantic Ocean. Its length is about 64km. Travelling through this […]
MSC CEO Says ‘Size Being Not their priority’ After company takes over Maersk as No 1
Past week has been quite record breaking one. Maersk Line (Largest Shipping Company) is no more the largest as its competitor MSC (Mediterranean Shipping Company) took over the No 1 slot. Recently MSC CEO said their target and priority was never being to be biggest, but rather Growth, profitability and supporting customers. With the current […]
Laytime in Chartering: Calculations and Implications
Laytime, a fundamental concept in the maritime industry, plays a pivotal role in chartering agreements, affecting both shipowners and charterers. It determines the allowable time for cargo operations, such as loading and unloading, and has significant financial implications. In this article, we will explore laytime, its calculations, and the implications it carries for stakeholders in […]